Primecap Management Co. CA Has $284.62 Million Stake in Entegris, Inc. (NASDAQ:ENTG)

Primecap Management Co. CA decreased its stake in Entegris, Inc. (NASDAQ:ENTG) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,873,164 shares of the semiconductor company’s stock after selling 79,223 shares during the quarter. Primecap Management Co. CA owned 1.90% of Entegris worth $284,616,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in ENTG. Fortitude Family Office LLC lifted its stake in Entegris by 195.7% in the fourth quarter. Fortitude Family Office LLC now owns 414 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 274 shares during the period. Proficio Capital Partners LLC acquired a new position in Entegris in the fourth quarter valued at about $42,000. Huntington National Bank lifted its stake in Entegris by 41.0% in the third quarter. Huntington National Bank now owns 454 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 132 shares during the period. Eagle Bay Advisors LLC lifted its stake in Entegris by 4,375.0% in the fourth quarter. Eagle Bay Advisors LLC now owns 716 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 700 shares during the period. Finally, Promus Capital LLC acquired a new position in Entegris in the fourth quarter valued at about $71,000.

Analysts Set New Price Targets

ENTG has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Entegris in a report on Friday, February 7th. StockNews.com upgraded Entegris from a “sell” rating to a “hold” rating in a report on Thursday, March 13th. KeyCorp decreased their price objective on Entegris from $150.00 to $141.00 and set an “overweight” rating for the company in a report on Friday, February 7th. Finally, Mizuho decreased their price objective on Entegris from $125.00 to $120.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.88.

Entegris Stock Performance

Shares of NASDAQ ENTG opened at $100.80 on Tuesday. The stock has a 50 day moving average price of $102.31 and a 200 day moving average price of $105.05. Entegris, Inc. has a 52 week low of $92.84 and a 52 week high of $147.57. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.86 and a current ratio of 3.08. The stock has a market capitalization of $15.23 billion, a PE ratio of 52.23, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32.

Entegris (NASDAQ:ENTG) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. Entegris had a return on equity of 12.83% and a net margin of 9.03%. Analysts predict that Entegris, Inc. will post 3.51 earnings per share for the current fiscal year.

Entegris Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, January 29th were given a $0.10 dividend. The ex-dividend date was Wednesday, January 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%. Entegris’s payout ratio is 20.73%.

Insider Activity

In related news, SVP Olivier Blachier sold 984 shares of Entegris stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $108.00, for a total transaction of $106,272.00. Following the completion of the sale, the senior vice president now directly owns 10,903 shares of the company’s stock, valued at approximately $1,177,524. This trade represents a 8.28 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Clinton M. Haris sold 12,652 shares of Entegris stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $106.92, for a total value of $1,352,751.84. Following the sale, the senior vice president now directly owns 34,820 shares of the company’s stock, valued at approximately $3,722,954.40. The trade was a 26.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Entegris Profile

Entegris, Inc develops, manufactures, and supplies microcontamination control products, specialty chemicals, and advanced materials handling solutions in North America, Taiwan, China, South Korea, Japan, Europe, and Southeast Asia. It operates in three segments: Materials Solutions (MS); Microcontamination Control (MC); and Advanced Materials Handling (AMH).